Kyndryl Holdings, Inc. Notice of April 13, 2026 Application Deadline for Class Action Lawsuits - Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application Deadline

(Moderate)

(Negative)

Rhea-AI Summary

Market Context

This announcement reiterates class action application deadlines tied to earlier disclosures about in...

Analysis

This announcement reiterates class action application deadlines tied to earlier disclosures about internal control weaknesses and executive departures. It adds to an existing legal overhang for a stock already trading well below its $44.20 52-week high and its $27.54 200-day average. Investors may monitor developments in the referenced lawsuits, any remediation updates on internal controls, and future regulatory filings to gauge how governance and reporting risk evolves.

Key Figures

Class period start: August 1, 2024 Class period end: February 9, 2026 Lead plaintiff deadline: April 13, 2026 +5 more

8 metrics

Class period start August 1, 2024 Alleged securities fraud class period

Class period end February 9, 2026 Alleged securities fraud class period

Lead plaintiff deadline April 13, 2026 Deadline to seek lead plaintiff appointment

Single-day drop $12.90 Share price decline on February 9, 2026

Drop percentage 55% Share price decline on February 9, 2026

Closing price $10.59 Closing price on February 9, 2026 after disclosure

Contact phone 1-877-515-1850 KSF investor contact number

Top plaintiff ranking Top 10 KSF ranking by SCAS based on settlement value

Historical Context

5 past events · Latest: Mar 15 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 15	Class action notice	Negative	+0.6%	Reminder of class action deadline linked to alleged securities issues.
Mar 11	Cloud service expansion	Positive	-0.3%	Launch of Kyndryl Cloud Uplift in new Microsoft Canadian regions.
Mar 10	Security snapshot report	Negative	-2.9%	Report highlighting readiness gaps in quantum, sovereignty and networks.
Mar 05	Healthcare AI report	Positive	+2.8%	Healthcare AI readiness findings and new trusted AI collaborations.
Mar 03	Sustainability ranking	Positive	+0.2%	Recognition as a Leader in digital sustainability solutions and services.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news shows both positive and negative headlines, with price generally aligning to the tone except for one marketing/expansion update and an earlier class action notice that saw modest gains.

Recent Company History

Over the past month, KD has mixed news flow. A March 3, 2026 sustainability leadership ranking and the March 5, 2026 healthcare AI readiness report were constructive, and the stock reacted positively in both cases. In contrast, the March 10, 2026 security and networks readiness gap update and a March 11, 2026 cloud migration expansion drew softer to negative reactions. An earlier class action notice on March 15, 2026 produced a small gain, suggesting investors had partly absorbed legal risk before this latest reminder.

Key Terms

class action, securities fraud, form 10-q, internal control over financial reporting, +3 more

7 terms

class action regulatory

"notifies investors in Kyndryl Holdings, Inc. ("Kyndryl" ) (NYSE: KD) of class action securities lawsuits."

A class action is a lawsuit where a group of people with similar complaints sue a company together instead of each person filing separately; think of it as a neighborhood banding together to take one case to court rather than everyone hiring separate lawyers. Investors care because class actions can lead to large settlements or judgments, damage a company’s reputation, drain cash reserves, and distract management — all of which can reduce a company’s stock value and affect future earnings.

securities fraud regulatory

"recover losses on behalf of investors of Kyndryl who were adversely affected by alleged securities fraud between August 1, 2024 and February 9, 2026."

Securities fraud is the illegal act of lying to or misleading investors about the true value or prospects of stocks, bonds or other traded financial instruments — for example by making false statements, hiding key facts, trading on secret information, or artificially moving prices. It matters to investors because it can cause sudden losses, distort fair market prices and undermine trust in markets; think of it as someone rigging a scoreboard so others place bets on the wrong team.

View in glossary

form 10-q regulatory

"the Company disclosed that it would be unable to timely file its Form 10-Q Report for the quarter ended December 31, 2025"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

internal control over financial reporting financial

"anticipates reporting material weaknesses in the Company's internal control over financial reporting for the period covered in the Quarterly Report"

Internal control over financial reporting is a company’s system of procedures and checks designed to make sure its financial statements are accurate and complete, like a set of guardrails and verification steps that catch mistakes or fraud before numbers are published. Investors care because strong controls make reported results more trustworthy, lower the risk of surprise restatements or regulatory problems, and give greater confidence when valuing the company or comparing it to peers.

material weaknesses financial

"the Company anticipates reporting material weaknesses in the Company's internal control over financial reporting"

Material weaknesses are significant flaws in a company’s systems for ensuring its financial reports are accurate and reliable. Like a broken lock on a safe, they increase the chance that financial statements contain big errors or omissions, which can mislead investors about performance and risk; discovering one often raises questions about management oversight, may lead to restated results, and can affect investor confidence and a company’s valuation.

tone at the top financial

"expected to include, but may not be limited to, the effectiveness and strength of certain functions at the Company, including with respect to controls related to information and communication and tone at the top"

Tone at the top is the attitude and behavior demonstrated by a company’s senior leaders about honesty, risk-taking and how rules are followed, which influences the whole organization’s culture and day-to-day choices. Investors care because clear, ethical leadership tends to reduce risks like fraud, regulatory trouble and poor decision-making—much like a ship’s captain setting safe navigational habits—so it affects a company’s trustworthiness and long-term financial value.

lead plaintiff regulatory

"you have until April 13, 2026 to request that the Court appoint you as lead plaintiff"

The lead plaintiff is the representative investor chosen to speak and act on behalf of a group of shareholders in a securities lawsuit. Think of them as the elected spokesperson for a neighborhood when everyone sues a landlord: they coordinate the legal case, make strategic decisions, and negotiate settlements, so their choices can shape outcomes and any recovery that reaches all affected investors. Investors care because the lead plaintiff’s resources and approach can influence the size and speed of any payout and the costs deducted from it.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

03/28/2026 - 12:32 AM

NEW YORK and NEW ORLEANS, March 28, 2026 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Kyndryl Holdings, Inc. ("Kyndryl" or the "Company") (NYSE: KD) of class action securities lawsuits.

CLASS DEFINITION: The lawsuits seek to recover losses on behalf of investors of Kyndryl who were adversely affected by alleged securities fraud between August 1, 2024 and February 9, 2026. Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nyse-kd/

Kyndryl investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850, or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-kd/ to learn more.

CASE DETAILS: On February 9, 2026, the Company disclosed that it would be unable to timely file its Form 10-Q Report for the quarter ended December 31, 2025 and that "the Company anticipates reporting material weaknesses in the Company's internal control over financial reporting for the period covered in the Quarterly Report, as well as for the full fiscal year ended March 31, 2025, and the first two fiscal quarters of fiscal year 2026, which are expected to include, but may not be limited to, the effectiveness and strength of certain functions at the Company, including with respect to controls related to information and communication and tone at the top," as well as the departure of its C.F.O and General Counsel. On this news, the price of Kyndryl's shares fell $12.90 per share, or 55%, to close at $10.59 on February 9, 2026.

The first-filed case is Brander v. Kyndryl Holdings, Inc., et al., No. 26-cv-00782. A subsequently filed case, Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds v. Kyndryl Holdings, Inc. et al., No. 26-cv-02211, expanded the class period.

WHAT TO DO? If you invested in Kyndryl and suffered a loss during the relevant time frame, you have until April 13, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn